This letter is regarding the election of Directors of the Federal Reserve Bank of San Francisco for one Class B Director seat, elected by Member Banks in Group One, and one Class A Director seat, elected by Member Banks in Group Two. Currently, these seats are held by Ms. Maritza Diaz and Mr. Jeff Newgard, respectively, whose current terms will end on December 31, 2025. This election has been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the Circulars issued by this Reserve Bank on July 16, 2025 and August 28, 2025.